Daniel Ek has confirmed his offer to buy Arsenal has been rejected.
The Swedish billionaire, who is also the co-founder of music streaming service Spotify, first revealed his wish to buy the club from Kroenke during the Gunners' 1-0 loss against Everton last month.
"As a kid growing up, I’ve cheered for @Arsenal as long as I can remember," Ek wrote on Twitter. "If KSE would like to sell Arsenal I'd be happy to throw my hat in the ring."
And despite Stan Kroenke issuing a statement regarding his stance on not selling Arsenal, Ek revealed that he is hopeful of holding talks after confirming he was preparing to make an offer.
"Yeah but you know as I started out saying I’ve been a fan for 30 years of this club and I certainly didn’t expect that this would happen overnight," he said. "I'm prepared that this could be a long journey.
"All I can do is prepare, what I think is a very thoughtful offer and bring it to them and hope they hear me out."
That offer has since been lodged - contrary to media reports - although it was unsuccessful as the Kroenke's have revealed they don't need the money.
With that said, Ek insists he remains interested in buying Arsenal should the situation ever change.
"Inaccurate reports emerged today saying I have not made a bid for Arsenal Football Club," Ek wrote on Twitter. "I think it's important to correct the record - this week an offer was made to both Josh Kroenke and their bankers that included fan ownership, representation at board and a golden share for the supporter.
"They replied that they don’t need the money.
"I remain interested should that situation ever change."
The Telegraph recently reported that the Dutchman along with Thierry Henry and Patrick Vieira, could now be involved in a possible takeover bid.
Only Henry has confirmed their involvement thus far during an appearance on Sky Sports' Monday Night Football programme.
"I know a lot of people wanted to hear about it. It is true. Daniel is an Arsenal fan," the Frenchman said. "He didn't say that for any publicity. He is an Arsenal fan for a very long time.
"He approached us, we listened to him.
"When we knew first and foremost that he wanted to involve the fans, exactly what we talked about, we actually met the Arsenal Supporters' Trust and told them what we wanted to do - bring them back on board, being part of the meetings, knowing what's happening, because you've got to put the DNA back into the club.
"The golden share that I'm talking about."
